Navigating the AI Boom | Startup Finance Basics w/ Kruze's Scott Orn

This Week in Startups

Jason Calacanis

Technology

4.4 • 1.3K Ratings

🗓️ 10 October 2024

⏱️ 24 minutes

🔗️ Recording | iTunes | RSS

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Summary

Todays show: Kruze’s Scott Orn joins Jason on the latest edition of Startup Finance Basics! In this episode, they break down the unique aspects and dynamics of the current AI boom, contrasting AI startup revenue, costs, and growth rates with traditional SaaS models (4:11). They also dive into AI tools' impact on productivity and labor efficiency (8:12), the accounting challenges and operational issues AI startups face (14:27), and more!

Timestamps:

(00:00) Kruze COO, Scott Orn, joins Jason (1:06) Unique aspects and dynamics of the current AI boom (4:11) AI startup revenue, costs, and growth rates vs traditional SaaS (8:12) AI tools and their impact on productivity and labor efficiency (14:27) Accounting challenges and operational issues in AI startups

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Great TWIST interviews: Will Guidara, Eoghan McCabe, Steve Huffman, Brian Chesky, Bob Moesta, Aaron Levie, Sophia Amoruso, Reid Hoffman, Frank Slootman, Billy McFarland

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Transcript

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0:00.0	All right, everybody, welcome back to the program.
0:05.0	You know, we like to do these startup basic segments.
0:08.0	Why do we like to do them?
0:09.0	Well, we get asked a lot of questions over it, over and over again.
0:13.6	We have 20,000 startups apply for funding
0:16.6	from our firm every year.
0:17.8	It's called Launch.
0:18.7	You can go to Launch.co slash apply to apply for funding
0:21.5	from our little seed fund and then we'll meet with probably 5,000 of those
0:28.3	founders just in a brief zoom call and we wind up investing in a hundred of them a year.
0:34.0	What that means is we get the same questions about
0:37.0	tap tables, about accounting, about human resources all the time.
0:42.0	So if you go to this week in startups.com
0:44.6	slash basics you'll see all the basic videos we have. This is the blocking and
0:49.5	tackling and the partner I use for our finances is Cruz, K-R-U-Z-E, and Scott from Cruz comes on the program, and he's a CFA,
1:01.4	he's a CEO over a. A. A. C. O. A cruise and we talk about the basics. And things have been
1:07.8	booming in Silicon Valley in the tech industry recently because of AI, huh, Scott?
1:13.6	Absolutely.
1:14.2	I actually saw some of the stats today and it's just, it's mind-blowing what's happening.
1:18.1	I thought venture capital investing would be down, but it's actually up for the year. Can you believe that?
1:23.6	Well you know we we do have to parse out some of the mega rounds right because AI and
1:29.6	we're going to get into it today we're going to talk about you know sort of financing revenue accounting everything for
	...

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